Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of EOG Resources (NYSE: EOG) hit a gusher today and jumped 12% after the company released earnings.

So what: Revenue jumped to $2.9 billion, nearly doubling the quarter from a year ago. But more impressively, earnings per share excluding special items increased to $0.83, higher than the $0.78 analysts were expecting.

Now what: Management has been happy with better-than-expected production in Eagle Ford, and the company is accelerating exploration in the Bakken shale. I see nothing to complain about here and think the future looks bright with expanded exploration. I'm bullish on EOG going forward as shale plays become a bigger and bigger portion of our energy landscape.

Interested in more info on EOG Resources? Add it to your watchlist by clicking here.

Fool contributor Travis Hoium does not have a position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings or follow his CAPS picks at TMFFlushDraw.

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